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CSR is an enabler of aspirations and achievements

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Dalmia Bharat Foundation has an internal monitoring and evaluation wing that provides actionable insights to better execute CSR projects, shares Vishal Bhardwaj, Group Head- CSR, Dalmia Bharat Group and CEO of Dalmia Bharat Foundation.

Please tell us about CSR activities done in Dalmia? Do you believe that it helps in building a strong brand name and good customer base?

It is broadly divided into three buckets. So the first bucket is the livelihoods bucket wherein we work both on the farm and the non-farm sector. The second bucket under climate action is about our work on water and access to clean energy while the third is social development where the focus is largely on infrastructure building. The needs and requirements vary from geography to geography. We try to fill existing gaps in villages around us, be it in the schools, Anganwadis or health facilities. So, these are the three major buckets where we keep our CSR focus.

We sincerely believe that there cannot be a complete disassociation between CSR and business. Water is very important to us. Wherever we have our cement plants, we share the aquifers with the local communities that need water for agriculture and domestic consumption. We do not want to put any pressure on the available water resources. Even though cement is not a very water-intensive manufacturing process, still, even if we draw 1 per cent of water from the aquifers, we want to give back many times of that to the communities. It gives us immense pride to share that Dalmia Cement is almost 10 times water positive. So for every litre of freshwater that we take from the shared resources, we make sure that we create a harvesting and conservation capacity of 10 litres. It ensures the long-term sustainability of the business and acts as a risk management tool to avert any conflicts between us and the communities related to resource sharing.

Further, the cement business is a pretty energy-intensive business. Dalmia is one of the most sustainable and least carbon footprint cement manufacturers. despite that, we do not lose out on any opportunity to offset our footprints. Taking a step further, we also assist communities around us to offset some of their footprints by adopting clean energy solutions. At least 10-15 Kgs of wood is burnt in each household around us in kitchens and one can only imagine the level of carbon emissions and the impact of fumes on the health of women and children. So, we provided them access to fuel-efficient cook-stoves and alternative fuels like biogas and LPGs. Then we saw people burning kerosene for lighting purposes, which is the biggest cause of burn injuries in rural areas. We encouraged such households to switch to solar lighting solutions. Our intent is to make the environment around us as clean as possible. We cannot ignore the issue of livelihood of our stakeholders. Our work on water gives us a good opportunity to work with the farmers on improving their productivity, yield, and therefore income. Besides, in sync with the Skill India initiative, we started to skill individuals who didn?? work on farms with the aim of creating alternative employment opportunities for them.

What were your CSR spending for the year 2020 and 2021? What is the strategy for planning CSR spending?

CSR in Dalmia is more than 80 years old. We started CSR ever since our genesis, even though it was not called CSR back then. But the trusteeship approach was similar to CSR. A decade before the CSR laws were promulgated, we had already established our Dalmia Bharat Foundation and were proactively engaging with our stakeholder communities. Our CSR budgets are driven by program needs. The 2 per cent limit doesn?? restrict us from investing in CSR when it is required. It is a beginning point to ensure that we spend what is mandated. But more often than not, we have actually gone beyond the mandate.

How do you evaluate and monitor CSR activities?

We proactively seek to measure the change brought out by our initiatives. In the last five years, we have carried out some independent assessments. One of the most important of them was the social returns on investment (SROI). We have used it to measure the impact of our work and have seen encouraging results. For every rupee that we invest in the livelihoods and water space, we get a return of about Rs 7 and Rs 3 respectively. We have also undertaken participatory appraisals through independent partners. Recently E&Y conducted an impact assessment of our work on livelihood, skilling and water. This is integrated into our strategy also. We have a theory of change that encompasses what we aspire to do and how do we achieve it. We also have an internal monitoring and evaluation wing that provides us with actionable insights to better execute our projects.

What has been the impact of the pandemic on CSR activities in cement and other industries?

It is noteworthy that we didn?? lose the momentum of what we were doing with respect to the three buckets even during the pandemic. Covid 19 brought in a different kind of challenge and we thought that it was our responsibility to work for all the stakeholders and not just the villages around us. During the first phase of Covid with the national lockdown imposed, we offered shelter, ration and medical assistance to the needy. We contributed financially to the PM Care Funds and various Chief Minister Relief funds. We extended a mix of financial and material support to our stakeholders.

The challenge of the second wave was principally around oxygen supply. We actively set up isolation facilities, Covid treatment centres, supplied oxygen and other medical equipment to hospitals. We believe that vaccination is now key to control the third wave. Due to the digital divide, we helped the villagers in getting registered on the vaccination portal. Eventually, we organised vaccination camps and arranged for their to-and-fro transportation. In the last month (June 2021), we assisted about 17,000 people to get vaccinated and I am sure that we will surpass that number this month.

What kind of feedback do you get from stakeholders in terms of meeting business objectives and how does CSR help in achieving the ultimate business goals of a company?

While the structures that we create for our projects like water harvesting are clearly visible, the need is to go much beyond that. That’s where studies and assessments step in. The E&Y study looked at various indicators to assess the quality of life in our communities. Through the study, we were able to understand whether the spending of the individuals went up, have they shifted from kacha house to pakka house, or has their mode of transportation changed. From a business point of view, many community members look at Dalmia as a potential employer. We absorb many of them into our workforce and provide upskilling opportunities for others to find an alternative source of livelihood. This creates harmony between us and the communities.

What are the key challenges while undertaking CSR activities? What best practices would you recommend overcoming those challenges?

During the initial days, we faced challenges in terms of deciding the organization?? priorities and strategies. We have come a long way from that. Until a decade back, we collaborated with NGO partners who delivered quality work but there was no direct link with the communities. That?? when we decided to capacitate our foundation to forge direct relationships with the people. Today, the Dalmia Bharat Foundation has been able to garner partnerships with communities, government and other corporates. This has enabled us to amplify our work and bring in more resources. We have institutionalised our CSR roadmap for 2030. In 2015, we aligned our CSR objectives with millennium development goals and later incorporated sustainable development goals to ensure that there is continuity throughout. So, there are more opportunities than challenges for us in CSR.

What is your CSR budget and roadmap for the next few years?

In terms of the roadmap, we propose to continue working largely on the issues of livelihood and climate action, with skilling and water being the major focus of these verticals. This is going to be our focus for the next 8 to 10 years, in line with our roadmap for 2030. In terms of the budget, this year our cement business is mandated to spend about Rs 13 crore. But with our ongoing projects, my hunch is that we would be exceeding the budget. Upon adding the contributions of other group companies and our partners, the entire resource pool would be in the range of Rs 40-45 crore.

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Sambhv Steel Tubes is Now Certified as a Great Place to Work

This certification, valid from January 2025 to January 2026.

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Sambhv Steel Tubes Limited, one of the key manufacturers of electric resistance welded (“ERW”) steel pipes and structural tubes (hollow section) in India in terms of the installed capacity as of March 31, 2024 (Source: CRISIL Report) is pleased to announce that it has been officially certified as a “Great Place to Work® for 2025. 
This certification, valid from January 2025 to January 2026, is a testament to the company’s commitment to fostering a workplace environment built on trust, collaboration, innovation, and employee well-being. Sambhv Steel Tubes also invites talented professionals who share its values of trust, collaboration, and innovation to join its team and be part of its growth journey. The Great Place to Work® certification is a recognized benchmark for workplace excellence. It is awarded based on employee feedback and an evaluation of workplace practices. Achieving this certification underscores Sambhv Steel Tubes’ dedication to nurturing a culture where Sambhv Steel strives to ensure that employees feel valued, supported, and empowered to grow both personally and professionally 
The DRHP is available on the website of the Company at www.sambhv.com, SEBI at www.sebi.gov.in, websites of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of the book running lead managers, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, when filed. Potential investors should not rely on the DRHP for making any investment decision. This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. 
Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States. CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited.
Image Source: Sambhv Steel Tubes

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Cement Industry Key to Growth, Jobs, and Nation Building in Budget

Budget presents opportunities for cement sector in growth, jobs, and infra.

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The Cement Manufacturers’ Association (CMA) welcomes the Union Budget 2025-26 presented by the Honourable Finance Minister Nirmala Sitharaman. CMA Member Companies have been at the forefront of nation building by significantly contributing to infrastructure development, employment generation, and economic growth. CMA believes that the Budget presents a commendable vision for India’s development through strategic investments in people, economy, and innovation.
Commenting on the Budget, Neeraj Akhoury, President, Cement Manufacturers’ Association (CMA) and Managing Director, Shree Cement Limited, stated, “CMA hails the Union Budget, announced under the leadership of Prime Minister Narendra Modi for its comprehensive focus on holistic and inclusive development. The Budget reinforces a transformative journey towards building a resilient economy for advancing India’s development goals. The various initiatives announced by the Government balance people’s aspirations with the future requirements for the Country’s economic growth. The focus on increased investments on infrastructure across States amplifies opportunities and avenues for the growth of the Cement sector. We appreciate the sustained core focus on infrastructure and reiterate our commitment to being partners in Nation’s progress.<p></p>
<p>The increased spending on large scale housing and infrastructure projects will drive demand for construction materials allowing capacity expansion and promotion of innovation in sustainable practices. We are certain that despite challenges these measures will support the Cement Industry in achieving a consistent CAGR growth rate of more than 6 per cent of installed cement capacity in the present financial year. Policy reforms in Budget 2025-26 signal a reaffirmation of the Government’s intent to augment socio economic growth across core sectors.”
The Cement Industry plays a vital role in creating direct and indirect employment across various sectors, including manufacturing, logistics, and construction, thereby supporting millions of livelihoods. Additionally, the industry remains a key contributor to the Government exchequer through taxes, duties, and levies, strengthening the country’s fiscal framework.
Parth Jindal, Vice President, Cement Manufacturers’ Association (CMA) and Managing Director, JSW Cement Limited, said, “The Budget presented by Finance Minister Smt. Nirmala Sitharaman is a forward-looking roadmap that will play a pivotal role in shaping the future of India’s cement industry, in line with the country’s vision for a Viksit Bharat by 2047. It prioritizes growth in key sectors such as infrastructure, manufacturing, and technology. The increased investment in technology will accelerate advancements in green cement solutions, driving both sustainability and innovation within the industry. Notable allocations, including Rs 200 billion to foster innovation and Rs 1.5 billion in 50-year interest-free loans to states for capital expenditure on infrastructure development, are expected to significantly bolster growth in the core sectors, including cement sector.
He further added, “The Budget’s focus on a three-year pipeline of projects under the public-private partnership (PPP) model will incentivize private sector investment and catalyse a transformation in the infrastructure landscape. Additionally, the establishment of five National Centers of Excellence for skill development, as part of the ‘Make for India, Make for the World’ initiative, will ensure that India’s emerging workforce is well-equipped to meet the demands of a rapidly growing economy.”
In light of the recent Budget announcements, which prioritise infrastructure expansion and affordable housing, the Cement Industry is poised to leverage these opportunities by ensuring steady and sustained supplies of Cement to meet the Nation’s growing domestic market and infrastructure demand coupled with sustainable and innovative technologies. With a strong commitment to sustainability and efficiency, the Cement Industry will continue to drive India’s progress and economic resilience.

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GMDC Inks Long-Term Limestone Supply Deal With JK Cement

The agreement has been signed for supply of 250 million tonne.

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State-owned GMDC said it has entered into a long-term pact with JK Cement Ltd for the supply of limestone from its upcoming mine in Gujarat. 
The agreement has been signed for supply of 250 million tonnes of limestone over a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch district in Gujarat. 
This agreement will help JK Cement Ltd in setting up an integrated mega-capacity cement plant, fostering industrial growth in the region.Kutch’s coastal proximity, improved access to domestic and international markets, and cost-efficient logistics position it as an ideal hub for cement production. 
The state-owned company has five operational lignite mines in Kutch, South Gujarat, and Bhavnagar region.          

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